Synlait Milk buys Pokeno site for new factory, flags $260M investment

Mon, 26 Feb 2018

By Paul McBeth Feb. 27 (BusinessDesk) - Synlait Milk has conditionally bought a site in Pokeno in Waikato where it plans to spend $260 million developing its second nutritional powder manufacturing factory. The Rakaia-based milk processor's acquisition is subject to Overseas Investment Office approval, and the company said it will know the commissioning date for the factory once it's got consents and approvals. The first dryer at the Pokeno site is expected to have annual capacity of 40,000 metric tonnes, matching dryer three at its Duns...

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